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Deduction u/s 80D - Deduction in respect of Medical Insurance Premia

Income Tax - Exemptions and Deductions - 10 - SECTION 80D Provisions of Section 80D for AY 2015-16 Eligibility Insurance premium paid for the health of the assessee or his family Individual / HUF are eligible Amount of Deduction: Deduction in the cas .....

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igible Eligible - 25,000 25,000 A. Maximum deduction towards Premium / Contribution 25,000 25,000 25,000 A1 If the age of any of family or either of the parent is exceeding 60 years 30,000 30,000 30,000 B. Maxium deduction towards Actual Expenditure .....

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ent < 60 years**) = ₹ 50,000 Thus in individual can claim total deduction of ₹ 25,000 (family < 60 years*) + 30,000 (parent > 60 years**) = ₹ 55,000 Thus in individual can claim total deduction of ₹ 30,000 (family > .....

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